Target Audience

Directors, Head of Departments and non-accountants needing a better understanding of Management Accounting.
Programme Standards

- Maximum 6 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR248 ex VAT per participant.
Management Accounting Workshop
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These topics provide a foundational understanding of key management accounting concepts and tools, enabling non-accountants to make informed business decisions and contribute effectively to the financial management of their organizations.
Topics Covered

1.  Understanding Financial Statements: 
   - Overview of basic financial statements: balance sheet, income statement, and cash flow statement.
   - Explanation of key financial metrics and ratios, such as profitability ratios, liquidity ratios, and leverage ratios.
   - Interpretation of financial statements to assess the financial health and performance of a business.

2.  Cost Behaviour and Cost-Volume-Profit (CVP) Analysis: 
   - Explanation of fixed costs, variable costs, and mixed costs.
   - Understanding cost behavior and its implications for decision-making.
   - Introduction to cost-volume-profit (CVP) analysis for analyzing the relationship between costs, volume, and profitability.

3.  Budgeting and Forecasting: 
   - Importance of budgeting in planning, control, and performance evaluation.
   - Explanation of different types of budgets, including operating budgets, capital budgets, and cash budgets.
   - Techniques for preparing budgets, such as incremental budgeting, zero-based budgeting, and rolling forecasts.

4.  Decision-Making Tools and Techniques: 
   - Introduction to relevant costing and differential analysis for decision-making.
   - Explanation of cost-benefit analysis and return on investment (ROI) as decision-making tools.
   - Application of decision-making techniques in evaluating alternative courses of action, such as make-or-buy decisions, pricing decisions, and investment decisions.